Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +6.1% with a 83% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -2.1% with only a 43% win rate across 5 years of history.
Q1 (Jan–Feb–Mar) is the seasonally strongest quarter.
The three months of Q1 combine for a +5.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +5.2% historically, with January alone posting a 100% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -3.1% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.20% | 10.49% | 4.06% | -0.09% | 1.68% | 1.68% | -0.82% | -6.68% | -5.80% | 1.84% | ||
| 2025 | 3.02% | -0.20% | 3.04% | 1.22% | 0.58% | -3.32% | 1.62% | 7.42% | 5.66% | -6.85% | 5.33% | -3.31% |
| 2024 | 0.08% | -0.32% | 4.93% | 0.00% | 3.63% | -2.33% | 6.16% | 6.74% | 1.33% | 2.37% | 9.35% | 0.73% |
| 2023 | 2.95% | -4.48% | 0.66% | 4.54% | -9.78% | 3.03% | -1.54% | -0.35% | -5.04% | -1.35% | 8.68% | 0.68% |
| 2022 | 8.76% | 3.50% | 5.09% | -2.59% | 5.85% | -6.97% | 5.79% | -4.37% | -5.43% | 3.63% | 6.30% | -4.73% |
| 2021 | 5.53% | 1.90% | 6.51% | 3.56% | -1.48% | 8.13% | -0.91% | 2.66% | 1.63% | 2.73% | -6.05% | 3.09% |
| 2020 | -5.82% | -17.97% | 4.08% | 6.96% | -7.82% | 3.85% | -0.88% | -6.78% | -5.63% | 12.78% | 0.37% | |
| Avg | 3.59% | 0.72% | 0.90% | 1.53% | 1.06% | -1.08% | 2.02% | 0.65% | -2.06% | -0.85% | 6.07% | -0.53% |
ENB.TO - Average growth of $100 invested at start of year
5 years of data
ENB.TO - Average returns for the respective month in the last 5 years
ENB.TO Distribution of Daily Returns from 2021 to 2026
ENB.TO Distribution of Daily % Changes